Byline Bank
IL
SBA-approved lender offering 7 loan programs across 59 industries.
Key Metrics
Interest Rate
9.50%
2.75% over prime
Average Loan
$1.1M
Per approval
Total Approvals
505
FY 2025
Loan Programs (7)
7a General
7a with EWCP
7a with WCP
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
International Trade Loans
Industries Served (59)
Administrative Management and General Management Consulting ServicesAircraft Engine and Engine Parts ManufacturingAll Other Amusement and Recreation IndustriesAll Other Insurance Related ActivitiesAll Other Professional, Scientific, and Technical ServicesAll Other Specialty Trade ContractorsArchitectural ServicesAutomotive Body, Paint, and Interior Repair and MaintenanceAutomotive Glass Replacement ShopsBaked Goods StoresBowling CentersCar WashesChild Day Care ServicesChild and Youth ServicesCoin-Operated Laundries and DrycleanersCommercial BakeriesCustom Architectural Woodwork and Millwork ManufacturingElectrical ContractorsFarm and Garden Machinery and Equipment Merchant WholesalersFitness and Recreational Sports CentersFlooring ContractorsFreight Transportation ArrangementFrozen Fruit, Juice, and Vegetable ManufacturingFull-Service RestaurantsGlass and Glazing ContractorsHomes for the ElderlyHotels (except Casino Hotels) and MotelsIndustrial Supplies Merchant WholesalersInsurance Agencies and BrokeragesIron and Steel ForgingJanitorial ServicesLimited-Service RestaurantsMarketing Consulting ServicesMedical, Dental, and Hospital Equipment and Supplies Merchant WholesalersMiscellaneous Financial Investment ActivitiesMortgage and Nonmortgage Loan BrokersNail SalonsOffices of Certified Public AccountantsOffices of DentistsOffices of Other Holding CompaniesOther Activities Related to Real EstateOther Airport OperationsOther Foundation, Structure, and Building Exterior ContractorsOther Grocery and Related Products Merchant WholesalersOther Personal Care ServicesOther Services Related to AdvertisingPet Care (except Veterinary) ServicesPlumbing, Heating, and Air-Conditioning ContractorsPrivate Mail CentersRemediation ServicesResidential Mental Health and Substance Abuse FacilitiesResidential Mental Retardation FacilitiesResidential Property ManagersRoofing ContractorsSnack and Nonalcoholic Beverage BarsSports Teams and ClubsSports and Recreation InstructionSupermarkets and Other Grocery (except Convenience) StoresTemporary Help Services
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.75%
- Effective Rate
- 9.50%
- Fiscal Year
- 2025
- States Served
- IL
- Website
- www.bylinebank.com
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